Ted Baker News

UK stocks showed a sharp split in midday trade after Prime Minister Boris Johnson revealed plans to ask the Queen to suspend Parliament just days after MPs return to work from their summer holiday in September.
The move is expected to tie the hands of no-deal Brexit opposition leaders to push through law to block a divorce with the EU without an agreement, sending the pound spinning lower versus both the dollar and the euro.
It also puts under the investor spotlight corporate domestic...

UK stocks opened lower on Wednesday as investors continued to fret about the frosty state of trade relations between the US and China and local tobacco companies were hit by rival merger talks.
At 0857, the benchmark FTSE 100 index was down 16.42 points, or 0.2%, at 7.073.16.
British American Tobacco and Imperial Brands both fell 1.8% after US rival Philip Morris announced merger talks to reunite with previous spin-off Altria.
Struggling travel company Thomas Cook dropped 13% to 6.15p...

Fashion retailer Ted Baker said it had agreed to an exclusive licence deal in Japan with Sojitz Infinity.
Initially lasting five years, the arrangement would see Infinity drive the long-term expansion of the Ted Baker brand in the region.
It would apply its local expertise, especially within the department store sector, with Ted Baker's buying, merchandising and brand-building capabilities.
Ted Baker said it would transfer certain existing assets relating to its Japanese business, such as...

Following a delayed start to trading blamed on a technical glitch, the FTSE 100 finished in the black on Friday, joining a market relief rally built on a hopeful assumption central banks will step in and try to steer the global economy away from a recession.
At 16.30, the blue chip benchmark closed up 48.3 points at 7,115.35, a 0.68% gain on the day.
LARGE AND MID CAP RISERS AND FALLERS
Exchange operator London Stock Exchange rose 2% to 6,858 having eventually gotten trading back on track...

London's FTSE 100 gained lost ground on Friday following a delayed start to trading for the blue chip benchmark blamed on a technical glitch. European shares moved higher, boosted by positive investor sentiment after China hinted at plans to stimulate economic growth.
At 11.40, the FTSE 100 was up 40.46 points, or 0.57%, at 7,107.5.
LARGE AND MID CAP RISERS AND FALLERS
Exchange operator London Stock Exchange rose 1.5% to 6,822p after it eventually got trading back on track, having pinned...

UK stocks opened higher on Friday following a delayed start to trading for the country's biggest companies, blamed on a technical glitch.
At 0943, the benchmark FTSE 100 was up 56.89 points, or 0.8%, at 7.123.90.
Sentiment was boosted by a rise in Asian markets, buoyed by indications that China would make further moves to stimulate its economy.
Exchange operator London Stock Exchange rose 0.2% to 6,738p after it eventually got trading back on track, having pinned the earlier delay on a...

Fashion retailer Ted Baker said it had forged a product licence agreement with rival Next to accelerate the expansion of its childrenswear collections, replacing an existing arrangement with department store chain Debenhams.
The initial five-year agreement would see Next create and sell Ted Baker childrenswear products in collaboration with the creative team at Ted Baker.
New collections would launch in Spring 2020 and be sold through Next's retail channels and wholesale relationships, as...

By the close on Monday the FTSE 100 had surrendered earlier more significant gains to trade just a smidge higher 7,514.93 as investors began to get nervous ahead of some crunch central bank meetings in the coming week or so. By 4.30pm UK time the S&amp;P 500 in the US had also faltered after a bright start to trade broadly flat.
Fashion brand Ted Baker was up 14% on weekend press reports that founder and major shareholder Ray Kelvin is open to the idea of buy-out of the business. Kelvin...

By lunchtime the FTSE 100 was up 0.4% to 7,537.07 as oil majors BP and Royal Dutch Shell reacted to rising energy prices on turmoil in the Middle East.
The pound fell amid ongoing political ructions in the UK with Boris Johnson widely expected to prevail in the Conservative Party leadership contest tomorrow.
Fashion brand Ted Baker was up 14% on weekend press reports that founder and major shareholder Ray Kelvin is open to the idea of buy-out of the business. Kelvin departed amid...

The FTSE 100 closed up 0.3% at 7,398.45 as the promise of Chinese infrastructure spending lit up the mining sector.
Germany's DAX enjoyed stronger gains, advancing 1.1%, with the index of leading UK shares somewhat constrained after a strong jobs market report provided sterling with a boost. On Wall Street the S&amp;P 500 was up 0.3% to 2,895.34 by 4.30pm UK time, as US stocks marked multi-week highs.
LARGE AND MID CAP RISERS AND FALLERS
Fashion retailer Ted Baker plunged 30% as it...

The FTSE 100 was up 0.4% by midday at 7,406.93 as the mining sector rallied on hopes of fresh financial stimulus for the commodity-hungry Chinese economy.
Gains for the index of leading UK shares were somewhat constrained after a strong jobs market report provided sterling with a boost.
LARGE AND MID CAP RISERS AND FALLERS
Fashion retailer Ted Baker plunged 25.8% as it warned on profits amid 'extremely difficult' trading conditions that shrunk sales growth rates.
Supermarket chain...

Fashion retailer Ted Baker warned on profits after 'extremely difficult' trading conditions limited its sales growth in the year to date to 3.8%.
Underlying pre-tax profit for the year through 25 January was now expected to be in the range of £50m to £60m, the company said.
In the previous year, the company posted a pre-tax profit excluding exceptional items of £63m.
On a constant currency basis, sales for the 19 weeks through 8 June had risen 1.9%.
'The performance reflects difficult and...

Fashion retailer Ted Baker appointed human resources specialist Helena Feltham as a new independent director amid a review of its complaints procedures following the so-called forced hugging scandal.
Feltham was formally people director at B&amp;Q and had also been human resources director at Marks &amp; Spencer, Topshop and Woolworths South Africa.
'Working with the board, Helena's support and insight on implementing the recommendations from the independent HR policies and procedures...

By midday the FTSE 100 had recovered earlier losses to trade 0.2% higher at 7,435.48. Sterling remained choppy after last nights agreed delay to Brexit which is seen as merely forestalling rather than averting a no-deal exit from the EU.
Airlines reacted with relief to the news the summer holiday season would not be spoiled by a the UK crashing out of the bloc, EasyJet leading the way with a 6.4% advance.
Several stocks traded ex-dividend, notably Standard Life Aberdeen which fell 4.2% to...

UK stocks are slipping on Thursday as further political uncertainty is expected despite Wednesday's confirmation of a Brexit extension until Halloween, a longer extension than Theresa May had wanted.
At 08:58, the benchmark FTSE 100 was down 0.46%, or 33.90 points, at 7,338.01.
Asset manager Man Group added 0.71% after it reported an increase in funds under management as a rebound in global markets since the turn of the year bolstered its investments offsetting fund outflows.
DIY Group...

Ted Baker said it had appointed Lindsay Page as the company's Chief Executive Officer with immediate effect as it announced that the investigation into allegations on founder Ray Kelvin's conduct and the company's HR policies had found "areas for improvement"
Baker, who has been with the company for 22 years, would replace founder Ray Kelvin, who resigned on 4 March after allegations of misconduct. As a result of Kelvin's resignation, the company said that the conclusions and...

Fashion retailer Ted Baker said said it had agreed to form a joint venture for the Chinese market with Shanghai LongShang Trading Company.
The venture would be formed via Ted Baker selling a 50% stake in its Hong Kong unit to Shanghai LongShang Trading for RMB50m (£5.7m).
Ted Baker said its net cash contribution was anticipated to be in the region of RMB30m (£3.4m).
The UK company would transfer its operations in China and Hong Kong into the new joint venture, which would also cover Macau,...

Global equities fell into the red after US President Donald Trump threatened tariffs on $11bn of European goods.
At close, the FTSE 100 was 0.3% lower at 7,425.
Elsewhere, European equities also struggled with Germany's DAX falling 0.9% to 11,850.
Wall Street was in a gloomy mood as the Dow Jones retreated 0.6% to 26,180 at around 5pm UK time.
Brent crude oil dipped 0.5% to $70.71 per barrel.
Shares in department store Debenhams were suspended pending their cancellation tomorrow as the...

The FTSE 100 was up a handful of points by midday at 7,455.71 with investors weighing the latest Brexit developments, as Theresa May headed to Berlin, as well as rising tensions between the EU and US on trade.
With the US first quarter earnings season set to get underway later this week, US futures are pointing to a modestly lower open.
LARGE AND MID CAP RISERS AND FALLERS
Sports Direct gained 1.7% to 285.8p after announcing that it had offered to underwrite a £200m share issue by...

Increasing fears over a no deal Brexit as an EU summit got underway heaped pressure on sterling and conversely helped support a strong rise for the FTSE 100. By the close the index of leading UK shares was up 0.9% at 7,355.31.
Earlier in the day the Bank of England voted to keep interest rates on hold. In the US, the S&amp;P 500 was 0.8% higher at 2,847.54 after the US Federal Reserve opted to keep rates unchanged overnight.
Housebuilder Crest Nicholson's shares fell 8.9% as JP Morgan...

Positive UK retail sales data failed to lift sterling as investors had jitters over whether a proposed delay to Brexit could be secured ahead of the currently scheduled exit date of 29 March.
The FTSE 100 remained in positive territory as it benefitted from a weaker pound and a rise in mining stocks, helping the blue-chip index gain 0.4% to 7,320. Brent crude oil dipped 0.5% to $68.13 per barrel.
MID AND LARGE RISERS AND FALLERS
Shares in Renishaw fell 10.4% to £37.64 on a profit warning...

Ted Baker said pre-tax profit declined 26.1% to £50.9m in the year to 26 January.
Ted Baker said group sales rose 5% to £617.4m and e-commerce revenue increased 20.4% to £121.7m.
In the UK and Europe, retail sales increased 4.5% to £315m over the same period.
HIGHLIGHTS:
- North America retail sales up 4.7% (up 7% in constant currency) to £125.7m
- Rest of the World retail sales down 4.7% (down 2.9% in constant currency) to £20.3m
Selective expansion continued with:
- Two stores in the...

The Bank of England was up 0.4% at 7,323 ahead of the latest Bank of England meeting later today, driven by a mining rally.
Among the top risers were Fresnillo and Antofagasta.
Brent crude oil dipped 0.3% to $68.23 per barrel.
MID AND LARGE RISERS AND FALLERS
Shares in Renishaw fell 11% to £37.40 on a profit warning after flagging a slowdown in demand in Asia for its encoder products and from large end-user manufacturers of consumer electronic products is expected to continue for the...

The FTSE 100 gained 0.4% as sterling weakened following downbeat UK economic data and concerns over Brexit.
A fall in the pound boosts the relative value of the overseas earnings generated by constituents of the index.
Reports suggested the US and China could be close to ending their trade war, but Wall Street was sceptical as the Dow Jones fell 1.2% to 25,707 by around 5pm UK time.
Brent crude oil was up 0.7% at $65.56 per barrel and copper cheapened 0.8% to $2.91 per pound. Gold fell 1%...

Fears over the fate of Theresa May's Brexit deal and weak UK economic data hit sterling and boosted the FTSE 100 as the relative value of its overseas earnings were increased.
By midday the index of leading UK shares was up 0.76% to 7,160.39. Other global markets were also strong amid hopes of a trade deal between the US and China.
LARGE AND MID CAP RISERS AND FALLERS
Fashion retailer Ted Baker gained 3.4% to £19.57 following news that chief executive and founder Ray Kelvin had resigned...

UK stocks opened higher on Monday amid reports that the US and China were close to signing a trade deal.
At 0859, the FTSE 100 was up 20.74 points, or 0.3%, at 7.127.74.
Fashion retailer Ted Baker gained 0.4% following news that chief executive and founder Ray Kelvin had resigned while an investigation continued into allegations of personal misconduct.
British American Tobacco fell 0.6% on expressing its disappointment that a Canadian court had upheld a decision to award billions of...

Fashion retailer Ted Baker said chief executive and founder Ray Kelvin had resigned while an investigation continued into allegations of personal misconduct.
Kelvin has denied all allegations of misconduct, the company said.
'He has, however, today agreed to resign with immediate effect from his position as chief executive officer and as a director of Ted Baker,' it added.
Kelvin had been on a leave of absence since December amid allegations of inappropriate hugging of staff at the...

There was a sea of red across global equities as investors had jitters over a lack of substantial progress over US-China trade talks and former Trump lawyer Michael Cohen's testimony to Congress. Heightened tensions between India and Pakistan also affected sentiment.
Strength in the value of sterling continued to weigh on the FTSE 100 too, the index down 0.6% at 7,107, amid fresh hopes that a no-deal Brexit may be avoided.
On Wall Street, the Dow Jones fell 0.4% to 25,949 at around 4pm UK...

By midday on Wednesday the FTSE 100 was down 0.75% to 7,097.41 as weaker market sentiment across the board combined with strength in the pound to knock the index of course.
The relative value of its constituents' overseas earnings is hit by the stronger pound, which is at seven-month highs amid increasing hopes a no deal Brexit will be averted. US futures are pointing to a lower open ahead of a US-North Korea summit later.
LARGE AND MID CAP RISERS AND FALLERS
Marks and Spencer fell 8.9% to...

UK stocks opened lower on Wednesday as tensions between nuclear powers India and Pakistan spooked global markets, while a stronger pound continued to pressure local exporters.
At 0854, the FTSE 100 was down 52.88 points, or 0.7%, at 7.098.24.
Marks and Spencer fell 8.1% on announcing that it would pay online grocery retailer Ocado up to £750m to take a 50% stake in a new retailing joint venture between the two companies.
The shares were under pressure because the clothing and food retailer...

Fashion retailer Ted Baker warned that its annual profit would be hit by a series of unexpected costs.
Pre-tax profit for the year through 26 January was now expected to be in the region of £63m, the company said.
Profit had been hit by adverse foreign exchange movements, extra product costs identified through a system upgrade and an inventory write-down.
The guidance excluded previously announced costs associated with an ongoing independent investigation into 'forced hugging' claims at...

News that trade talks between the US and China have not yet delivered the deal the market was hoping for saw the FTSE 100 lose some momentum, up 0.6% to 6,906 against a rise of more than 1% earlier on.
Still, Antofagasta. Anglo American and Fresnillo remained among the top blue-chip performers with gains of over 2.7% each, on signs the two countries are at least pursuing a meaningful dialogue.
Wall Street opened tentatively higher with the Dow Jones advancing 0.5% to 23,907 at around 4:45pm...

The FTSE 100 was up more than 1% by lunchtime as some positive corporate news and hopes of progress from the recently concluded trade talks between the US and China buoyed equities.
US futures are also pointing to a higher open after the Dow Jones Industrial Average achieved its first three-day winning streak since November 2018 on Tuesday.
LARGE AND MID CAP RISERS AND FALLERS
Supermarket giant Sainsbury's pared earlier losses to be 2.2% higher at 272.3p after it posted a fall in...

UK stocks opened stronger on Wednesday as optimism grows that the US and China will iron out their differences over trade.
At 0857, the benchmark FTSE 100 index was up 52.24 points, or 0.8%, at 6.913.84.
Supermarket giant Sainsbury's pared earlier losses to be 0.2% lower after it posted a fall in third-quarter sales, amid fierce competition with German discount retailers over Christmas.
Home builder Taylor Wimpey gained 5.1% on revealing that it had completed more homes in 2018, while...

Fashion retailer Ted Baker said it had boosted sales during Christmas, though it noted that trading conditions continued to be challenging.
Sales for the five-week period from 2 December rose 12.2% on-year, and 10.5% on a constant currency basis.
E-commerce sales rose 18.7% and represented 25.7% of total retail sales.
Average retail square footage rose 5.0% to 429,576 square feet.
Ted Baker said gross margins remained in line with its expectations 'against a backdrop of increased...

Global equities tumbled as oil slumped on fears oil cartel OPEC will not cut production at its meeting today, while trade war concerns also weighed on sentiment.
The arrest of an executive at Chinese technology firm Huawei seen as a new chapter in the trade tensions between the US and China.
The FTSE 100 closed 3.1% lower at 6,704.
European stocks were also in the doldrums with Germany's DAX down 3.9% at 10,763.
Wall Street suffered smaller falls with the S&amp;P 500 taking the biggest...

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